The Relationship Between the Foreign Exchange Regime and Macroeconomic Performance in Eastern Africa /

This study examines the relationship between the foreign exchange regime and macroeconomic performance in Eastern Africa. The study focuses on seven countries, five of which decisively liberalized their foreign exchange regimes. The study assesses the relationship between (i) growth and various dete...

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Dades bibliogràfiques
Autor principal: Stotsky, Janet
Altres autors: Adedeji, Olumuyiwa, Ghazanchyan, Manuk, Maehle, Nils
Format: Revista
Idioma:English
Publicat: Washington, D.C. : International Monetary Fund, 2012.
Col·lecció:IMF Working Papers; Working Paper ; No. 2012/148
Accés en línia:Full text available on IMF
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100 1 |a Stotsky, Janet. 
245 1 4 |a The Relationship Between the Foreign Exchange Regime and Macroeconomic Performance in Eastern Africa /  |c Janet Stotsky, Manuk Ghazanchyan, Olumuyiwa Adedeji, Nils Maehle. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2012. 
300 |a 1 online resource (54 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This study examines the relationship between the foreign exchange regime and macroeconomic performance in Eastern Africa. The study focuses on seven countries, five of which decisively liberalized their foreign exchange regimes. The study assesses the relationship between (i) growth and various determinants, including the exchange regime, the real exchange rate, and current account liberalization; and (ii) inflation and various determinants, including lagged inflation, the nominal exchange rate, the exchange regime, and liberalization. We find that in our sample, for the determinants of growth, investment and the real exchange rate are significant determinants but not the exchange regime or liberalization; and for inflation, the lagged inflation rate, nominal exchange rate, and the de facto regime are significant. Exchange rate pass-through is limited. 
538 |a Mode of access: Internet 
700 1 |a Adedeji, Olumuyiwa. 
700 1 |a Ghazanchyan, Manuk. 
700 1 |a Maehle, Nils. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2012/148 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2012/148/001.2012.issue-148-en.xml  |z IMF e-Library